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BLOCKCHAINK2 CORP.
February 14, 2024
TSX.V Symbol: BITK
BLOCKCHAINK2 ANNOUNCES STRATEGIC INVESTMENT IN REALBLOCKS
VANCOUVER, British Columbia, February 14, 2024 -- BlockchainK2 Corp. (TSX.V: BITK) (OTCQB: BIDCF) (KRL2 Germany) ("BlockchainK2" or the "Company") is pleased to announce an investment in Enverxergy Inc., commonly referred to as "RealBlocks", a modern blockchain investment network providing global access to alternative investments. The amount of the Company's investment is U.S.$225,000 acquiring over 99.3% of the equity interest in RealBlocks.
Sergei Stetsenko, CEO of BlockchainK2, stated, "Decentralized, open-source smart contract protocols are enabling the tokenization of real-world assets - including equity and debt. Tokenization of equity and debt means that capital raises will be faster and more efficient. This is because blockchain limits inter-party dependency for access to relevant information. Compliance requirements, for example, can now be programmed into tokens via smart contracts, reducing time and money spent on on-going compliance efforts. Given this speed and efficiency, tokenized assets can be further fractionalized, allowing for wider ownership and deepening markets."
Perrin Quarshie, CEO of RealBlocks stated, "RealBlocks democratizes access to alternative investments by digitizing shares of the funds over a blockchain-enabled network. The network is designed to create unmatched levels of liquidity and transparency in the traditionally complex world of alternatives, enabling fund managers, financial intermediaries and investors greater control and impact on their performance."
The Company also announces that it has engaged Aktiencheck.de AG, owned by Stefan Lindam, for 100,000 euros for a European marketing and news dissemination program. The program is expected to use www.aktiencheck.de and other related websites, as well as Facebook and will include social media engine and email marketing. The campaign is anticipated to commence on February 20, 2024, and will be for a three-month term. The principal of Aktiencheck.de Ag is Stefan Lindam of Bahnhofstrase 6 56470 Bad Marienberg Deutschland. Mr. Lindam's email is stefan.lindam@aktiencheck.de and main contact number is +49 2661 9890020. The engagement included no shares or options being issued to Aktiencheck.de or its principal.
About RealBlocks
Founded in 2017 in New York City, RealBlocks has built the most advanced alternative investment experience for fund managers and their investors worldwide through its online platform. RealBlocks is a pioneer in using Web3 Blockchain Technology to offer a fully digital, white-label solution for today's fund managers wishing to expand their firm's investor base by allowing them to offer more funds in more locations with lower investor minimums.
The firm's Software Infrastructure-As-A-Service Platform is built for global scale and uniquely bundles all front, middle, and back office functionality into one easy-to-use online interface. RealBlocks reduces operational expenses, provides the technology for expanding distribution globally, and delivers a powerful tool for built-in secondary trading. For more information, please visit http://www.realblocks.com
About BlockchainK2 Corp.
BlockchainK2 Corp. is working to build a bridge from the blockchain sector to traditional capital markets and to represent one of the few pure play ways for stock market equity investors to get exposure to the cryptocurrency market via investment in mining and infrastructure, and proprietary SaaS blockchain solutions with leading industry partners. For information on BlockchainK2 Corp., please visit http://www.blockchaink2.com/ .
BlockchainK2 Corp.
Sergei Stetsenko
CEO and Director
604 630-8746
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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